Megaworld Corporation (MEG)

MEG

Megaworld ventures into tourism business after GERI acquisition

MANILA, Philippines, June 20, 2014 – Leading real estate giant Megaworld has further expanded its development portfolio as it officially enters the tourism sector with the acquisition of majority stakes of Global-Estate Resorts, Inc. (GERI), the country’s biggest tourism estate developer. The company 

now owns 80.4 percent of GERI.  continue reading here

NOTES:

• Resistance: 4.80
• Support: 4.32 *buying opportunity
• 52 Week High: 4.88
• 52 Week Low: 2.75
• Discount: 10.25%
• Trend: Sideways
• Target Price: 5.48 (COL)

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